Port eyes private investment to help develop facilities

The Port of Cork may seek private sector investment to help it develop new cargo-handling facilities in Ringaskiddy.

The port authority, refused planning permission in 2008 for a €150m terminal in Ringaskiddy, is preparing to lodge a scaled-down version with An Bord Pleanála in the autumn.

Company chief executive Brendan Keating said the new development will cost less than €100m.